Fade
11-01-2008, 12:46 PM
British PM heads to Persian Gulf for bailout fund help
By Jane Wardell, THE ASSOCIATED PRESS
LONDON - British Prime Minister Gordon Brown says that the oil-rich Middle East has a key role to play in tackling the world economic downturn.
Brown left today for a four-day visit of Saudi Arabia, Qatar, and the UAE for talks to try to bolster the international funding pot available to countries struggling amid the global credit crisis.
The British leader wants China and Middle Eastern countries to be among the biggest donors to an expanded International Monetary Fund.
But analysts warn money will only be forthcoming if regional leaders get more power in any new world economic order.
Brown, who was being accompanied by two senior ministers and a delegation of 27 senior business executives, also planned to call on the Persian Gulf nations to work to stabilize oil prices.
Everybody has got a part to play in solving the world downturn, Brown told reporters before he left London. http://www.canoe.ca/CanoeGlobalnav/invisible.gif
http://www.canoe.ca/cgi-bin/tophits/tophits.cgi?path=http://cnews.canoe.ca/CNEWS/World/2008/11/01/7274606-ap.html&bid=canoe_CNEWS
"I think the oil rich states will want to play their part."
Story continued....
(http://cnews.canoe.ca/CNEWS/World/2008/11/01/7274606-ap.html)
By Jane Wardell, THE ASSOCIATED PRESS
LONDON - British Prime Minister Gordon Brown says that the oil-rich Middle East has a key role to play in tackling the world economic downturn.
Brown left today for a four-day visit of Saudi Arabia, Qatar, and the UAE for talks to try to bolster the international funding pot available to countries struggling amid the global credit crisis.
The British leader wants China and Middle Eastern countries to be among the biggest donors to an expanded International Monetary Fund.
But analysts warn money will only be forthcoming if regional leaders get more power in any new world economic order.
Brown, who was being accompanied by two senior ministers and a delegation of 27 senior business executives, also planned to call on the Persian Gulf nations to work to stabilize oil prices.
Everybody has got a part to play in solving the world downturn, Brown told reporters before he left London. http://www.canoe.ca/CanoeGlobalnav/invisible.gif
http://www.canoe.ca/cgi-bin/tophits/tophits.cgi?path=http://cnews.canoe.ca/CNEWS/World/2008/11/01/7274606-ap.html&bid=canoe_CNEWS
"I think the oil rich states will want to play their part."
Story continued....
(http://cnews.canoe.ca/CNEWS/World/2008/11/01/7274606-ap.html)